JUST IN: Nigeria’s aviation sector needs urgent govt intervention – AMCON
The AMCON chief listed some of the challenges affecting the sector.
Nigeria lucky again as OPEC extends oil output cut by 9 months
In December, OPEC agreed its first production cuts in a decade and the first joint cuts with non-OPEC
ANALYSIS: Nigeria, others hopeful as OPEC meets to extend oil output deal
The oil output deal led to a marginal increase in oil prices.
Nigerian government to intervene in Exxon Mobil, oil workers’ crisis
The latest industrial action was to protest the sack of 150 workers in December, of which 82 were PENGASSAN members.
Aviation unions kick against concession of Nigerian airports
The unions also resolved to boycott stakeholders’ meeting.
Nigeria foreign investment inflow declines 41 per cent; lowest in ten years
Lagos accounted for 95.32 per cent of capital imported into Nigeria in first quarter 2017.
Nigerian economy maintains recovery path – Presidency
“Headline inflation fell for the third month in a row to 17.24 per cent.”
Despite govt’s assurances, Nigerian economy still in recession – Report
Nigeria’s GDP contracted by 0.52 per cent in the first quarter of 2017.
Nigeria civil aviation agency holds talk with EU to resolve Medview ban
Medview Airline was last week banned from operating within the airspace of the European Union.
IMF prescribes options for economic growth in Sub Saharan African countries
According to the bank, sub-Saharan economic growth hit only 1.4 percent last year, the lowest level in two decades.
Nigerian manufacturers want Central Bank to reduce lending rate
The CBN has maintained a 14 per cent lending rate to commercial banks since July 26, 2016.
Nigeria warns Ethiopian Airlines: Stop collecting unauthorised charges
The unauthorised charges referred to as “refundable deportation fee” is put at between $75 and $150.
PENGASSAN strike: Oil workers ‘suspend strike in Rivers’
An official says the strike continues across the country.
AMCON takes over company’s asset over Wokson N5 billion debt
A court ordered the takeover.
‘Forex shortages forced Nigerians to consume local products’
Nigeria’s inflation slowed for a third month in April, put at 17.2 percent.
Nigerian electricity consumers free to get direct supply from generation companies – Fashola
The Association of Nigerian Electricity Distributors has condemned the plan.
UPDATED: Nigerian airline, Medview, banned by European Commission
The company says its London operation is not affected.